Hyundai Nishat Hybrid Price Cuts After 18% Tax
Hyundai Nishat Motor has cut prices on its locally made hybrid cars after the sales tax on hybrids up to 2000cc fell to 18 percent. The Elantra Hybrid Tucson Hybrid and Santa Fe Hybrid now cost less with savings from Rs639000 to Rs1403000. The biggest drop is on the Santa Fe Hybrid Signature AWD. Models over 2000cc still pay 25 percent tax.
Car prices in Pakistan have felt heavy for many families. High taxes made hybrid models cost more than people hoped. Now there is some good news.
Hyundai Nishat Motor has reduced the prices of its locally assembled hybrid models. This happened after the sales tax on qualifying hybrids up to 2000cc was confirmed at 18 percent. Before this change the tax sat at 25 percent.
The lower prices cover three main models. These are the Elantra Hybrid, the Tucson Hybrid and the Santa Fe Hybrid. The cuts range from Rs639000 to Rs1403000 compared with the earlier higher tax prices.
Here are the new figures:
| Model | Earlier Price | New Price | Reduction |
|---|---|---|---|
| Elantra Hybrid | Rs 11,400,000 | Rs 10,761,000 | Rs 639,000 |
| Tucson Hybrid Smart FWD | Rs 12,926,000 | Rs 12,202,000 | Rs 724,000 |
| Tucson Hybrid Signature AWD | Rs 14,101,000 | Rs 13,300,000 | Rs 801,000 |
| Santa Fe Hybrid Smart FWD | Rs 14,574,000 | Rs 13,258,000 | Rs 1,316,000 |
| Santa Fe Hybrid Signature AWD | Rs 16,123,000 | Rs 14,720,000 | Rs 1,403,000 |
The biggest cut is on the Santa Fe Hybrid Signature AWD. It drops by Rs1.403 million.
Hybrids with engines above 2000cc still face the full 25 percent sales tax. The change does not bring back the older lower tax rates that hybrids once enjoyed. Those older rates ended earlier in the year.
This move gives real relief to buyers looking at these models. The savings can help with the total cost of buying a hybrid car. People who want better fuel use and lower running costs now see more reachable prices on these Hyundai options.
The tax update came through a government notification. Hyundai passed the benefit on to customers by updating its ex-factory prices. Buyers should check with authorised dealers for the latest booking details and any other charges that apply on the road.For more updates, visit DrivePK.com
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Najeeb Khan
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